What is a target market? Why is it important for a firm to choose its target market
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 80% (10 reviews)
A target market is the limited group of individuals or busin...View the full answer
Answered By
Anum Naz
Lecturer and researcher with 10+ years of experience teaching courses in both undergraduate and postgraduate levels. Supervised 17 BA theses, 07 MA theses, and 1 Ph.D. dissertations. Edited and co-authored 2 monographs on contemporary trends in political thought. Published over articles in peer-reviewed journals.
4.80+
11+ Reviews
52+ Question Solved
Related Book For
Entrepreneurship Successfully Launching New Ventures
ISBN: 978-0133797190
5th edition
Authors: Bruce R. Barringer, R. Duane Ireland
Question Posted:
Students also viewed these Management Leadership questions
-
Why is it important for a firm to study and understand the external environment?
-
Why is it important for a firm to study and understand its internal organization?
-
Why is it important for a firm to accurately determine what industry it is in?
-
Under unit-based absorption costing systems, are high- or low-volume products overcosted? Why?
-
A control chart for fraction nonconforming indicates that the current process average is 0.03. The sample size is constant at 200 units. (a) Find the three-sigma control limits for the control chart....
-
For an approximately normally distributed random variable \(X\) with a mean of 200 and a standard deviation of 36, a. Find the \(z\)-score corresponding to the lower quartile and upper quartile of...
-
Water flows over a broad-crested weir that has a width of \(4 \mathrm{~m}\) and a height of \(P_{w}=1.5 \mathrm{~m}\). The free-surface well upstream of the weir is at a height of \(0.5 \mathrm{~m}\)...
-
Victoria Company has the following account balances on December 31, 2016, prior to any adjustments: Additional adjustment information: (a) depreciation on buildings, $1,100; on equipment, $600; (b)...
-
contains only direct materials. Compute the Cost of Goods Manufactured and Cost of Goods Sold for West Nautical Company for the most recent year using the amounts described next. Assume that Raw...
-
The economies of many nations around the globe have been brought on their knees by COVID-19. Just when countries are on the path of recovery from the economic devastation caused by COVID-19, Russia...
-
Examine the You Be the VC 11.2 feature, which focuses on COOLEST, a revolutionary new type of cooler. Suggest some potential co-branding relationships for COOLEST.
-
What are the four elements of a firms marketing mix?
-
Are you a pacifist? Explain your answer. What do you take to be the strongest argument for pacifism, and what is the strongest argument against it?
-
Determine dryness fraction of steam supplied to a separating and throttling calorimeter. Water separated in separating calorimeter \(=0.2 \mathrm{~kg}\) Steam discharged from throttling calorimeter...
-
Determine the total heat content per unit mass at the following state using the steam tables. Assume ambient pressure to be \(100 \mathrm{kPa}\) and \(C_{P}\) \(=2.0934 \mathrm{~kJ} / \mathrm{kg}\)....
-
Determine the quality of steam for the following cases: (i) \(P=10\) bar, \(v=0.180 \mathrm{~m}^{3} / \mathrm{k}\) (ii) \(P=10\) bar, \(t=200^{\circ} \mathrm{C}\) (iii) \(P=25 \mathrm{bar}, h=2,750...
-
Calculate the number of theoretical plates when the time at which peak appears is 10 min and the width of the base is 1. 2 min.
-
Calculate the internal energy per \(\mathrm{kg}\) of superheated steam at 10 bar and a temperature of \(300^{\circ} \mathrm{C}\). Find, also change in internal energy if this steam is expanded to 1.4...
-
Which law aims to protect the privacy data for citizens in the EU and EEA? A. GLBA B. HIPAA C. GDRP D. D. GDPR
-
At 31 December 20X9, the end of the annual reporting period, the accounts of Huron Company showed the following: a. Sales revenue for 20X9, $ 2,950,000, of which one- quarter was on credit. b....
-
What is entrepreneurship? How can one differentiate an entrepreneurial firm from any other type of firm? In what ways is an entrepreneur who just launched a restaurant different from someone who just...
-
What evidence is available suggesting that the often reported statistic that 9 out of 10 new businesses fail is an exaggeration? What is a more realistic failure rate for new firms?
-
Suppose you were asked by the founders of Nila LED, the subject of the You Be the VC 8.1 feature, to advise them on protecting their trade secrets. Assume the company operates out of a single...
-
The blue samurai, a japanese restraurant, has an asset turnover of 3.5 the total assets were 95,000 what are net sales for the blue samurai?
-
Gatekeeper Manufacturing reported 50,000 physical units that were 100% complete for direct materials during the period. In addition, the 50,000 physical units were 100% for conversion costs. In terms...
-
What red flag was overlooked on the Montague Fellowship Expense Report?
Study smarter with the SolutionInn App